Post Session- Sensex slumps over 150 points despite positive economic data Analysis for Jan 13, 2015

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The key domestic benchmarks plunged on Monday with the Sensex sinking 159 points as a deepening oil rout hit energy stocks and raised fears over the health of the global economy, overshadowing positive IIP data which showed a rebound in industrial output in November, following the steepest contraction in three years in October 2014. India"s industrial production bounced back in positive territory, expanding at the quickest clip in five months in November 2014 driven by a rebound in capital goods sector, signaling a factory revival in Asia"s third biggest economy. Industrial output rose by 3.8 per cent in November 2014 from the same month a year ago, government data showed in Monday. Retail inflation stood at 5 per cent in December 2014, rising from 4.38 per cent in November 2014, but staying below the RBI"s 6 per cent goal, raising bets of a rate cut in February.

The BSE SENSEX closed at 27,425.73, down by 159.54 points or by 0.58 per cent, and the NSE Nifty ended at 8,299.4, down by 23.6 points or by 0.28 per cent.

The BSE Sensex touched intraday high of 27,670.19 and intraday low of 27,324.58. The NSE Nifty touched intraday high of 8,356.65 and intraday low of 8,267.9

Meanwhile, the BSE MIDCAP closed at 10,492.77, up by 6.59 points or by 0.06 per cent, while the BSE SMLCAP ended at 11,251.51, down by 39.99 points or by 0.35 per cent.

On the Sectoral front, realty and consumer durables shed 1.85 per cent and 1.20 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3153, shares advanced were 1459 while 1586 shares declined and 108 were unchanged.

The top losers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 339.65,-2.37%), ICICI Bank Ltd. (Rs. 341.00,-1.57%), Hero MotoCorp Ltd. (Rs. 2893.70,-1.45%), Tata Steel Ltd. (Rs. 391.60,-1.37%), Tata Power Company Ltd. (Rs. 79.15,-1.37%), among others.

Story first published: Tuesday, January 13, 2015, 17:00 [IST]
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